Is It Good Debt or Bad Debt?

by Spencer Tierney 29. October 2014
Most people borrow money at some point in their lives, but many may not realize that having the right kind of debt – and paying it off as promised – can show money management smarts rather than poor spending habits. Here’s how to sort the good from the bad when it comes to owing money. What is good debt? Think of good debt as an essential element to making substantial purchases you can’t otherwise afford now but should help you produce value later, such as paying for coll... [More]

Consolidating Your Debt – Why it’s Important and When to Consider It

by Roberta Pescow 9. September 2014
Unfortunately, debt has become a way of life in the United States, with American consumers owing an overwhelming total of $11.68 trillion as of April 2014. That debt comes from multiple sources, including credit cards, mortgages and student loans. If you’re struggling to manage your multiple debt payments, you may want to consider debt consolidation. Why debt consolidation is important Managing debt from several sources can get complicated quickly. With so many bills due at different times... [More]

Bank Jargon 102

by Spencer Tierney 26. June 2014
Do financial statements baffle you? Do your eyes glaze over when your banker seems to be speaking another language? Chances are you aren’t up to speed on the latest bank jargon. Once you decode these common bank terms, you’ll be in a better position to manage and grow your assets. Available Balance You may have noticed that deposited funds aren’t reflected immediately on an online bank statement or paper receipt. That discrepancy occurs because your available balance refers to ... [More]


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